University Of Texas Law School Foundation
- Assets
- $263.5m
- Revenue
- $22.4m
- Investments
- $84.1m
- Employees
- 2
- Location
- Austin, TX
- Founding
- 10/1958
- Data as of
- 08/2022
- EIN
- 74-6056794
Organization Overview
University Of Texas Law School Foundation is located in Austin, TX. The organization was established in 1958. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2022, University Of Texas Law School Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Texas Law School Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, University Of Texas Law School Foundation generated $22.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $11.2m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO THE UNIVERSITY OF TEXAS SCHOOL OF LAW.
Describe the Organization's Program Activity:
OVER THE PAST 10 YEARS, THE FOUNDATION HAS PROVIDED APPROXIMATELY $84 MILLION OF FINANCIAL SUPPORT TO THE LAW SCHOOL. THIS SUPPORT IS PROVIDED THROUGH ENDOWMENTS AND OTHER DESIGNATED GIFTS, AS WELL AS SUPPORT PROVIDED FROM FUNDS OF THE FOUNDATION ITSELF. MANY DIFFERENT INITIATIVES ARE FUNDED THROUGH THIS SUPPORT SUCH AS STUDENT SCHOLARSHIPS AND FELLOWSHIPS, FACULTY CHAIRS AND PROFESSORSHIPS, AND PROGRAMS SUCH AS THE PRO BONO PROGRAM, AND THE CENTER FOR WOMEN IN LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hartenstein Executive Director | Officer | 40 | $198,857 |
S Jack Balagia Jr Chair | Trustee | 3 | $0 |
T Del Williams Vice Chair | Trustee | 1 | $0 |
Scott J Atlas Trustee | Trustee | 0.5 | $0 |
Alfred H Bennett Trustee | Trustee | 0.5 | $0 |
David J Beck Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz Investment Advisor | 8/30/20 | $355,771 |
Prime Buchholz Investment Advisor | 8/30/20 | $355,771 |
The University Of Texas Contract Services | 8/30/20 | $170,000 |
The University Of Texas Contract Services | 8/30/20 | $170,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,168,328 |
| Noncash contributions included in lines 1a–1f | $1,476,642 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,168,328 |
| Total Program Service Revenue | $0 |
| Investment income | $3,636,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $450,826 |
| Net Rental Income | $218,947 |
| Net Gain/Loss on Asset Sales | $4,962,422 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,437,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,872,538 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,857 |
| Compensation of current officers, directors, key employees. | $224,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,143 |
| Pension plan accruals and contributions | $15,082 |
| Other employee benefits | $9,154 |
| Payroll taxes | $17,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,062 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $580,042 |
| Fees for services: Other | $117,731 |
| Advertising and promotion | $0 |
| Office expenses | $46,631 |
| Information technology | $5,395 |
| Royalties | $0 |
| Occupancy | $80,657 |
| Travel | $3,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,087 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,518 |
| All other expenses | $29,550 |
| Total functional expenses | $11,218,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,091,211 |
| Pledges and grants receivable | $3,378,506 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,264 |
| Net Land, buildings, and equipment | $6,930,147 |
| Investments—publicly traded securities | $149,084,867 |
| Investments—other securities | $84,054,123 |
| Investments—program-related | $3,659,118 |
| Intangible assets | $0 |
| Other assets | $15,242,879 |
| Total assets | $263,458,115 |
| Accounts payable and accrued expenses | $29,095 |
| Grants payable | $0 |
| Deferred revenue | $41,272 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $70,367 |
| Net assets without donor restrictions | $7,229,396 |
| Net assets with donor restrictions | $256,158,352 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $263,458,115 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that University Of Texas Law School Foundation has recieved totaling $767,966.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $306,600 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $145,000 |
Hobby Family Foundation Houston, TX PURPOSE: CAPITAL CAMPAIGN | $60,000 |
Carroll And Marguerite Wheeler Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $30,000 |
Environmental Integrity Project Washington, DC PURPOSE: ENVIRONMENTAL JUSTICE LAW SCHOLARSHIP | $30,000 |
Richard G Miller Memorial Foundation El Paso, TX PURPOSE: SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $271,144,985 |
| Earnings | -$27,399,136 |
| Net Contributions | $7,151,621 |
| Grants | $7,459,505 |
| Ending Balance | $243,437,965 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
The Center For Collaborative Research Inc Houston, TX | $142,938,649 | $16,860,442 |
Mccombs School Of Business Foundation Austin, TX | $43,764,563 | $20,383,837 |
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |